- PROP-120610
- Hotel
- 2.47
- 14
- 10
Multi Family And Hotel Property With Ocean Views 20 Minutes To Dominical
2.5 Acre Ocean View Property With Many Possible Investment Strategies
Located at 2300 ft in elevation on the mountainside near the community of Tinamastes, only 20 minutes from Dominical, this 1-hectare ocean view multi-family and hotel property offers a number of investment possibilities. With easy access, the hotel holds a prime location to accommodate either short-term or long-term stays, or to operate as a language school. The property could also serve very well as a family compound.
Extensive Existing Infrastructure With Multiple Newly Renovated Rental Units
The property encompasses multiple structures. The first building is a duplex with 2 one bedroom apartments, each fully renovated and equipped with a full kitchen, bedroom, bathroom, and laundry area, as well as ocean-view terraces. The second unit is a 2 bedroom home tucked away along the stream that borders the property which is also newly renovated with a full kitchen, laundry area, and 1 full bath. The 8-bedroom hotel building sits in the middle of the property and has undergone some renovations, with 3 ocean-view rooms ready for rental. Each hotel room enjoys beautiful views over the ocean or neighboring jungle, a mini fridge, full bath, terrace, and either 1 or 2 beds.
Newly Constructed Pool Area With Jacuzzi, Adjacent Rancho And Separate Open Air Pavilion
The brand new pool area nestled at the back of the property features a covered rancho and jacuzzi adorned with coralina tile. There are 2 newly renovated individual cabins resting at the front of the property, with beautiful views toward the ocean and mountains, each with a full bath, terrace, and private laundry. Additionally, there is a covered open-air pavilion, with a bathroom, kitchen area, and beautiful views, which could be turned into a social area with BBQ or used as a yoga deck. The area could also be enclosed to create another full unit for rental. The caretakers live onsite, offering full maintenance and cleaning of the property, as well as guest services when required.
The Property Is Bordered By A Perennial Stream With Water Concession In Process
Running along side the hotel is a year round stream which borders the property. The property holds an abundant private well providing water to the property, which is currently in process of obtaining a legal concession and is a priceless feature to the property. There is plenty of area for further construction of additional units.
Short And Long Term Rental Income In A Prime Location Between San Isidro And Dominical Beach
This newly renovated property is the perfect multi family property with a hotel for income generation. Currently all renovated units operate on both the long term and short term rental market. This property offers a great opportunity for any investor looking to operate an income producing property in a growing community. The property is near to many attractions such as Nauyaca Waterfall, Diamante Valley and Playa Dominical, as well as the local farmers market in Tinamastes. Located only 15 km to Dominical and 19 km to San Isidro, the property allows for the enjoyment of cooler temperatures and access to city amenities, while still being within a reasonable drive to the beach. Primed to operate fully as a hotel, a Spanish language school, or even as a private estate, the possibilities are endless with this fantastic property.
You will not find a better investment on the market for under a million dollars. Act fast. This property will not last long.
Contact A Costa Rica Real Estate Service Professional For More Information
- Address Ojochal
- City Playa Dominical
- State San Jose
- Property ID: PROP-120610
- Price: $699,000
- Bedroom: 14
- Bathrooms: 10
- Property Type: Hotel
- Property Status: For Sale
- Pool: Yes
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